PPP Loan Data — John W. Gasparini Inc, Forth Worth, TX
John W. Gasparini Inc
Entity: Subchapter S Corporation
Location: Forth Worth, TXTweet This • Search All PPP Data
John W. Gasparini Inc is a subchapter s corporation located at 3312 Ramona Drive in Forth Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $1,510,363.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Capital Bank, National Association
John W. Gasparini Inc in Forth Worth, TX received a Paycheck Protection Loan of $1.51M through Texas Capital Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, John W. Gasparini Inc's 2019 payroll expenses are estimated to be at least $7.25M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $58,941 per employee1
Reported PPP Proceed Usage:
On the PPP application, John W. Gasparini Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,445,072
- Utilities: $10,000
- Rent: $55,291
Business Information - John W. Gasparini Inc in Forth Worth, TX
3312 Ramona Drive
Forth Worth, TX 76116
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Forth Worth
In the Forth Worth area, 4 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 123) and received an average PPP loan of $542,412 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Epic Supply LLC
Haltom City, TX
North Trinity Plumbing, Inc
Haltom City, TX
Anchor Products, LLC
Haltom City, TX
Industry PPP Comparison Statistics
Nationwide, 4,248 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $720.86M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 89% lower than John W. Gasparini Inc's reported 123 employees, and received an average PPP loan of $169,693, 89% lower than this company's loan of $1.51M.
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Footnotes & Information
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